National Treasury has proposed the introduction of new rules for the tax treatment of conversions of debt into equity within the same group of companies.
With
Stimela Mokoena
In the 2016 annual Budget Speech the Minister of Finance indicated the possibility of legislative countermeasures to curb the use of share buy-back arrangements that resulted in no tax being triggered.
With
Stimela Mokoena
In the 2016 annual Budget Speech the Minister of Finance indicated the possibility of legislative countermeasures to curb the use of share buy-back arrangements that resulted in no tax being triggered.
The draft Taxation Laws Amendment Bill for 2013, released for public comment in early July 2013, has proposed an interesting new rule applicable to foreign suppliers of e-commerce products.
With
Cordelia Naidoo
The Supreme Court of Appeal in Comptutek Ltd v C: SARS 2012 ZASCA 178 has entrenched an important lesson to all taxpayers that are required to file objections and appeals in respect of assessments that have been raised by the South African Revenue Service.
The Tax Administration Act 28 of 2011, which came into operation on 1 October 2012, levies penalties on taxpayers who understate the amount of tax which they owe to the fiscus.
